The Response of Urban Travel Mode Choice to Parking Fees considering Travel Time Variability

Table 3

Estimated results (Mode 1).

Variable	Coefficient	t-test
Constant-bus	0.307	2.27
Constant-metro	1.420	1.66
Cost	−0.136	−2.55
Average travel time	−0.110	−2.39
Travel time variability	−0.055	−1.74
Comfort	0.087	1.31
Observations	1323
Log likelihood	−1042.69
McFadden R-squared	0.294